Govt gives in-principle approval to 9 ethanol blending projects | Azad Times

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Azad Times News Desk.

New Delhi: Government has given in-principle approval to nine more ethanol blending projects under its ethanol interest subvention scheme.

These projects are expected to add to the additional capacity of about 35 crore litres.

Out of these nine projects, five projects are grain-based and three projects are molasses-based and one project is based on dual feed stock.

These projects have potential to bring investment of about Rs 1,034 crore and will create hundreds of employment opportunities in their respective locations, official sources said.

Under the new window of ethanol interest subvention scheme since April 22, 2022, 299 projects with expected capacity of about 1,481 crore litres have been granted in-principle approvals.

The government is extending financial assistance in the form of interest subvention at 6 per cent per annum or 50 per cent of the rate of interest charged by banks, whichever is lower, on the loans to be extended by banks for five years, including a one-year moratorium.

Read more:

Bengaluru: 20% ethanol blended petrol in 11 states/UTs launched

Ethanol blending in India rose from 1.5% ’13-14 to 10% in July 22

Chamarajanagara: CM inaugurates Ethanol plant at Konanakere

Kalaburagi: PM Modi to inaugurate Siddhasiri Ethanol Plant, says Yatnal

Ethanol production: Centre extends loan disbursement/completion time

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Azad Times.

Disclaimer: This story is auto-aggregated by a Syndicated Feed and has not been created or edited By Azad Times Staff.

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